(Reuters) -Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached to chip-factory subsidies as it seeks up to $15 billion from the U.S. government, the Wall Street Journal reported on Wednesday. TSMC, which in December more than tripled its planned investment at its new Arizona plant…
By Arshad Mohammed and Jonathan Landay WASHINGTON (Reuters) – It was huge, expensive and top secret. In the early 1970s the CIA built a gigantic ship called the Hughes Glomar Explorer to lift a sunken Soviet submarine from the bottom of the Pacific Ocean, according to a declassified history by the U.S. intelligence agency. But…
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding “surge capacity,” even where that means extra cost. Leaders of Airbus and Boeing have both used the term in recent days – which can include expanding factory space…
A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the incoming growth, inflation, banking and earnings pictures still won’t play ball. That leaves Wall St stocks in something of a sideways shuffle that has crushed…
By Alun John LONDON (Reuters) – The euro and pound are being whisked along by a conveyor belt of interest rate hikes in Europe just as U.S. rates near a peak, a reversal of the trends that drove them to multi-decade lows last year. The two currencies have rallied 4-5% against the dollar since March…
SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD are solving that problem in China – and getting ready to solve it for the world. China’s largest EV maker unveiled this week the Seagull at the Shanghai auto show, shocking analysts and…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. The settlement,…
By Helen Coster (Reuters) – Fox News’s $787.5 million settlement with Dominion Voting Systems over its coverage of false vote-rigging claims in the 2020 U.S. election made headlines on Tuesday, except on the cable channel itself, whose mention of it was somewhat muted. Hosts Tucker Carlson and Sean Hannity, who had been expected to testify…
By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of…
By Lewis Krauskopf NEW YORK (Reuters) – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest rates. After slumping 28% last year, the S&P 500 real estate sector has gained about 1% in 2023,…
